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A Bulgarian Client of BOYANOV & Co. is looking for Investors to buy two Companies in the Fois Gras Business 

by Borislav Boyanov

Published: August, 2015

Submission: August, 2015

 



Bulgaria is the second largest producer of foie grasin the world (after France) with about 10% of the global production (approximately 2,600 tons per year). Furthermore, France is the largest consumer of foie gras globally, importing about 3,750 tons per year, 2/3 of which come from Bulgaria. Agroplasment-92-VJSC and Bulian SJSC are the leading Bulgarian producers of foie gras and other duck products. The two companies account for approximately 1/3 of all Bulgarian foie gras exports.

Agroplasment-92-VJSC commercially raises, fattens, and slaughters Mulard ducks for sale of foie gras and other duck products on the local and EU markets. Located in Dobrich, Bulgaria, in the heart of the main grain producing region of the country, Agroplasment-92-VJSC has rich history and established traditions in the poultry production and meat processing. The company’s cornerstone activity is the rearing of Mulard ducks for the production of foie gras and meat. Products include magret and other fillets, duck legs, livers, duck feathers, pet food, and other products. About 350,000 ducks are raised at the farm annually, while slaughterhouse capacity is 2,400 birds per day. The birds are reared in specialised farms in Northeast Bulgaria, while the force-feeding process takes place in the firm’s base facility near Varna, Bulgaria. Annual production for 2013 included 170 tons of foie gras, 259 tons of magret fillet, and over 1,000 tons of other products.

Bulian SJSC is the largest slaughterhouse in Bulgaria and the first company to export foie grasto France, starting from the 1980s. Established in 1969, the company went through a significant equipment and process renovation in 2005. Òhe slaughterhouse, located in Parvomay (45km from Plovdiv, the second biggest city in Bulgaria), has a capacity of 6,000 ducks / day and is the biggest in Bulgaria. Over 1 million ducks were processed in 2014, and annual production exceeded 640 tons of foie gras and 4,250 tons of other products. Total plant area is 64,000 sq. m. while facilities cover 7,000 sq. m. with two autonomous processing lines – for ducks and chickens. Refrigeration facilities cover additional 2,000 sq. m. Bulian SJSC has completed considerable investments since 2005 in buildings and equipment, in the implementation of food safety procedures and standards, and in personnel qualification to adapt its operations to European best practices. The plant has ISO 22000:2005 certificate.

For more information, please contact Mr. Borislav Boyanov, Managing Partner at BOYANOV & Co. at [email protected]


 


 

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